Mr Jagdish Lal Gupta vs M/S Cameo Fabrics Ltd And 10 Ors on 12
simple reason that he had filed declaration under the Voluntary Disclosure Scheme of 1986 and offered additional income. Secondly, it is stated that the petition ... record, it is seen that what is referred to as Voluntary Disclosure Scheme is not in fact an application in any Voluntary Disclosure Scheme
karta'. HUF declared a sum of Rs. 20,000/- under
Voluntary Disclosure Scheme in October,1951 which was
accepted by the Department. The money ... deposits were out of sum of Rs.
20,000/- declared under Voluntary Disclosure Scheme in
October,1951. The Assessing Officer did not accept
6
explanation
ease of Reference,
we reproduce Section 3 of the Voluntary Disclosure Scheme of Income
and Wealth Tax Act, 1976 which reads as under ... payable under the Voluntary Disclosure
of Income and Wealth Tax, 1976.
24 Therefore, even though the provisions of the Voluntary
Disclosure Income and Wealth
names of 5 sons of
Kanhaiyalal who had made voluntary disclosure under the Voluntary
Disclosure Scheme ... persons who falsely declared them in their returns filed under
the Voluntary Disclosure Scheme. That is a risk which an
assessee resorting to unfair
Jcit 9(1)(2), Mumbai vs Apex Infra Tech P Ltd, Mumbai on 23 August
2017
1. Filed in public interest the petitioner challenges an amnesty
scheme framed by the Revenue Department of the State of
Rajasthan concerning under ... upheld by the Court and the first decision
was when a voluntary disclosure scheme was framed by the
Central Government and was the subject matter
names of 5 sons of
Kanhaiyalal who had made voluntary disclosure under the Voluntary
Disclosure Scheme
asset, the assessee
submitted that he declared the same under the Voluntary Disclosure
Scheme (VDIS) of 1997. The AO asked for evidence of VDIS
appellants have also submitted that they filed a declaration under voluntary disclosure scheme admitting their liability to the extent